Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ) ]3 p1 x! z. ` 9 u: t* d& |1 ? * 6% of Canadian households bought a home in 2009- q3 L9 u9 z; T" e# ^$ \9 e
* 43% were first-time buyers (up from 36% in 2008)5 L* a( S# ~+ x8 |7 U
* 35% of buyers were age 18-34 - S( f0 Q0 f) R7 ]8 D" s * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home5 v1 f/ y. b& \3 [$ W. B
* 59% bought a larger home; 24% downsized( v6 Q5 z9 X# g" z; o$ s: j R; M
* 74% bought an existing home; 22% bought new construction ' z+ V! d- D6 r1 T0 w0 y6 ]. T. p- ] * 55% purchased a single-detached home; 18% bought an apartment condo ) M0 t* Z5 k# k; [1 r * 5% of households intend to buy in 2010; 53% of those are renters ! G# e' O0 t, p) k+ }2 E j7 _ * 42% of those intending to purchase plan to make a down payment of 20% or more.7 C) a- j: c) Q" ]' T
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The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters * o3 |& K3 c, D& j( I& B% @. `; k9 `- ^) C
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?